Nigeria's Lendsqr has launched its lending-as-a-service platform in Kenya, aiming to empower banks, microfinance institutions, and digital lenders with enhanced loan management tools.
The company aims to support banks, Savings and Credit Co-operatives (SACCOs), and lenders of all sizes with tools to manage and grow their operations, ultimately helping to increase access to credit and further financial inclusion in Kenya.
Lendsqr's platform offers a lending lifecycle, including loan origination, management, credit decision-making, data analytics, collection, and recovery it offers advanced technology at an affordable rate and allows lenders to integrate their existing core banking and Enterprise resource planning (ERP) systems. It has a unique AI-powered video verification for fraud prevention and underwriting.
Lendsqr now joins established loan management system providers in Kenya, such as Kwara and Presta, in providing technology to lenders in Kenya to expand the much-needed growth within the SME economic subsector.
